+42.07(+0.20%)

All You Need To Know Going Into Trade On June 18

Asian stocks declined amid investor concern the exchange of threats between China and the U.S. is the precursor of a full-blown trade war.

Stocks fell in Japan as the yen advanced, while S&P 500 Index futures pointed to losses. South Korean equities also slipped , while they fluctuated in Australia. China and Hong Kong, markets more sensitive to deepening trade tensions, were closed for holidays.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded 0.4 percent lower at 10,782.50 as of 7 a.m.

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BQ Live

Here’s a quick look at all that could influence equities today.

U.S. Market Check

Stocks fell on the final day of a week that included the U.S.-North Korea summit, major central bank meetings and escalating trade tensions between Washington and Beijing.

The S&P 500 Index declined in heavy trading on a quadruple-witching Friday, a quarterly event when futures and options contracts on indexes and individual stocks expire.

Europe Market Check

European stocks dropped as news that the U.S. will impose tariffs on $50 billion of Chinese imports trickled through to the markets, extending losses after President Donald Trump threatened China with further measures.

On Monday, the U.K. House of Lords takes up the Brexit withdrawal bill after dramatic votes in the Commons, with details likely to emerge on the amendment that quelled a revolt by pro-EU Conservatives.

European Central Bank President Mario Draghi speaks at ECB’s Forum on Central Banking on Tuesday.

U.S. housing starts probably rose in May, data out Tuesday is expected to show.